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    985 Monet Dr Baton Rouge, LA 70806

    For Sale
    $1,300,000

    20-Unit Apartment Complex, 90% Occupied

    Property size:
    17,475 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a 20-unit multifamily apartment complex ideally situated in Baton Rouge, Louisiana, at 985 Monet Dr, zip code 70806. The property boasts a total of 17,475 square feet across two, two-story buildings situated on a 0.57-acre lot (APN: 779407, 779415). Currently enjoying a 90% occupancy rate, this asset offers immediate cash flow with significant upside potential. The property features a convenient shared parking lot and an on-site laundry facility for resident convenience. Zoned A4 – General Residential, the property benefits from its location just off Florida Boulevard, near the Bon Carré Technology Park, an area characterized by a high concentration of similar multifamily developments. The property is located in Flood Zone X. The existing rent structure presents an opportunity for future rent increases following the leasing of vacant units and the implementation of minor property updates. This well-maintained property represents a compelling investment opportunity in a thriving Baton Rouge neighborhood. The property consists of 20 units spread across two buildings.

    Property Features for 985 Monet Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    17,475 SF
    Lot Size
    24,829 SF

    Building Details

    Buildings
    2
    Stories
    2
    Units
    20

    HighLights

    • 90% Occupancy Rate
    • Excellent location off Florida Blvd, near Bon Carré Technology Park
    • Situated in Flood Zone X
    • Surrounding area features a high concentration of multifamily developments
    Property Profile Location Intelligence

    Current Use by Public Records

    Espinal Company Gardener

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.117441632817
    Latitude
    30.45913323185

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    FAQs

    What type of property is this?
    Multifamily property - 20-Unit Apartment Complex, 90% Occupied
    Where is this multifamily property located?
    The property is located at 985 Monet Dr Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 90% Occupancy Rate; Excellent location off Florida Blvd, near Bon Carré Technology Park; Situated in Flood Zone X
    Request Owner's contact information
    985 Monet Dr Baton Rouge, LA 70806
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    985 Monet Dr Baton Rouge, LA 70806
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